At the end of Felix Dennis’s book, How To Get Rich, he outlines eight “secrets” to getting rich. In terms of actionable advice on wealth creation, these are right up there with Naval Ravikant’s must-read How To Get Rich tweetstorm, along with his accompanying podcast episodes. Despite the name, though, the reality is there are no secrets to getting rich. There are only models that push you in the right direction. And these will do just that…
Read MoreAfter a year of reading, writing, and applying the models of wealth creators, here are the top 20 ideas that have changed the way I think about the world.
Read MoreIf you are going to become wealthy, you need help. You only have so many productive hours in a single day, which puts a cap on your productivity. What you need is a way to compound your efforts. You can do this with leverage. There are four different kinds of leverage: capital, labor, code, and media. Here’s why media is the most useful to you.
Read More“Seven Cures for a Lean Purse” from The Richest Man In Babylon overviews the basic financial principles of getting rich. Author George Samuel Clason delivers these through the wealthy and wise character of Arkad, who lives in the ancient city of Babylon 4,000 years ago. Not only are these principles still relevant, but they are also easy to understand and apply.
Read MoreYes, you should work hard. But, what you choose to work on and the quality of your decisions matters far more to your success and wealth than hard work. It’s better to be patient and calculated as you wait for the right opportunity to come along than it is to work yourself to the bone on the wrong thing.
Read MoreThe most important knowledge can’t be taught. It can only be learned by pursuing the things you’re curious about. Naval Ravikant calls this kind of knowledge specific knowledge - the knowledge that can’t be trained for. And this is the kind of knowledge that can make you rich.
Read MoreMost games aren’t worth playing. They are either status games, where you have to take someone else’s position in a zero-sum game. Or, if it is a wealth creation game, the upside is usually capped in some way and not worth the effort. If you are going to get rich, you need to make sure the game you’re playing has a payout worth the effort.
Read MoreJust like water flowing in a river or electricity through a wire, your life moves down the path of least resistance. And to change that path, you must change the underlying structure of your life - your desires, beliefs, assumptions, aspirations, and how you view the world. Because it’s this structure that determines your behavior. You’ll never be rich if you don’t believe you can get there. You’ll never try to get rich unless you believe it can happen. So, here’s how to get rich on the path of least resistance.
Read MoreYou are not a job description printed in a box. And if you want to build wealth, you have to take advantage of all the aspects of your personality - your passion, your skillset, your personal well-being, your sense of humor - and transform those into a brand that is irreplaceable.
Read MoreTo build the life you want, you have to do things you've never done before. The habits that got you here are not going to get you where you want to go. You have to push further. And there's a simple heuristic you can use to know if you are on the right track: you'll feel uncomfortable.
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